Chancery “Likely” to Grant Doc Access in Yahoo COO Pay Row

Law360September 29, 2015

In order to investigate what plaintiffs claim are possible breaches of fiduciary duty connected to the departure of the former Chief Operating Officer, as well as the disinterestedness of the company’s directors to determine if a demand on the board is necessary for a potential derivative lawsuit, a Delaware Chancery judge recently said he would be “likely” to grant investors a peek at the documents connected to CEO Marissa Mayer regarding the severance package of Yahoo’s ex-CEO.

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